Legal & General Directors Invest in Company Shares Through DRIP

Legal & General ( (GB:LGEN) ) has provided an update.

Legal & General Group Plc announced that several directors, including Sir John Kingman and Laura Wade-Gery, have purchased ordinary shares under the company’s Dividend Reinvestment Plan (DRIP) at a price of £2.56 per share. This transaction, conducted on the London Stock Exchange, underscores the directors’ commitment to the company and aligns their interests with those of shareholders, potentially enhancing stakeholder confidence in the company’s governance and future prospects.

The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.

Spark’s Take on GB:LGEN Stock

According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.

The most significant factor impacting Legal & General’s stock score is its strong technical momentum, suggesting potential for continued price appreciation. However, this is offset by significant financial challenges including declining revenues and profitability, and liquidity concerns. The high P/E ratio indicates overvaluation, but the stock offers an attractive dividend yield. Positive corporate events such as share buybacks and executive share purchases indicate management’s confidence, providing some support to the stock’s potential.

To see Spark’s full report on GB:LGEN stock, click here.

More about Legal & General

Legal & General Group Plc is a leading financial services company based in the UK, specializing in insurance, investment management, and retirement solutions. The company focuses on providing a wide range of financial products and services to both individual and institutional clients, with a strong presence in the UK market.

Average Trading Volume: 25,711,488

Technical Sentiment Signal: Buy

Current Market Cap: £14.56B

See more data about LGEN stock on TipRanks’ Stock Analysis page.